3. Consider a Markov chain on states {0, 1, 2, 3, 4, 5} with the transition probability matrix 0 1 2 3 4 5 0 1 00 1 0 2 3 4 000 38230 098910 ○ 147SOLCO 3418140 0 ○ ○ 1430 000 000 0 ст 5 00 001 Classify each state as transient or recurrent, and compute lim∞ P3 if it exists? 31

Q: Can a Markov chain in general have an infinite number of states? O yes no Previous

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Q: please solve it on paper

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A: Referencehttps://www.investopedia.com/terms/e/expectedreturn.asp

Q: 4. Consider an aperiodic, irreducible Markov chain Xn (n = 0, 1, ...) with the N + 1 states 0,…

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Q: 1 2 4 1 1 0. 1 P = 3 0.6 0. 0.4 4 0.1 0.4 0.2 0.3

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